Geode Capital Management LLC Raises Stake in Intelsat SA (NYSE:I)

Geode Capital Management LLC increased its stake in shares of Intelsat SA (NYSE:I) by 24.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 312,346 shares of the technology company’s stock after acquiring an additional 60,941 shares during the period. Geode Capital Management LLC owned about 0.23% of Intelsat worth $6,681,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its stake in Intelsat by 48.8% in the third quarter. Vanguard Group Inc now owns 4,899,003 shares of the technology company’s stock valued at $146,970,000 after buying an additional 1,607,665 shares during the period. Vanguard Group Inc. raised its stake in Intelsat by 48.8% in the third quarter. Vanguard Group Inc. now owns 4,899,003 shares of the technology company’s stock valued at $146,970,000 after buying an additional 1,607,665 shares during the period. Dimensional Fund Advisors LP raised its stake in Intelsat by 60.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,091,178 shares of the technology company’s stock valued at $23,342,000 after buying an additional 409,549 shares during the period. Morgan Stanley raised its stake in Intelsat by 234.6% in the third quarter. Morgan Stanley now owns 1,087,211 shares of the technology company’s stock valued at $32,616,000 after buying an additional 762,234 shares during the period. Finally, Northern Trust Corp raised its stake in Intelsat by 18.5% in the fourth quarter. Northern Trust Corp now owns 545,039 shares of the technology company’s stock valued at $11,659,000 after buying an additional 84,999 shares during the period. Institutional investors and hedge funds own 59.72% of the company’s stock.

Several equities analysts have recently commented on I shares. Evercore ISI started coverage on Intelsat in a research report on Monday, February 25th. They issued an “outperform” rating and a $50.00 target price on the stock. Barclays reaffirmed a “hold” rating and issued a $23.00 target price on shares of Intelsat in a research report on Friday, February 1st. Zacks Investment Research raised Intelsat from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. TheStreet downgraded Intelsat from a “c-” rating to a “d” rating in a research report on Wednesday, February 6th. Finally, Raymond James raised Intelsat from an “underperform” rating to a “market perform” rating in a research report on Wednesday, March 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.00.

Shares of I stock traded up $0.32 during trading hours on Friday, reaching $21.15. The company’s stock had a trading volume of 1,315,720 shares, compared to its average volume of 2,098,509. The company has a market cap of $2.87 billion, a PE ratio of -9.08 and a beta of 1.38. Intelsat SA has a fifty-two week low of $12.90 and a fifty-two week high of $37.70.

Intelsat (NYSE:I) last issued its earnings results on Tuesday, April 30th. The technology company reported ($0.87) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.26). The business had revenue of $528.40 million during the quarter, compared to analysts’ expectations of $523.74 million. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.56) earnings per share. Analysts expect that Intelsat SA will post -2.16 EPS for the current fiscal year.

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Intelsat Company Profile

Intelsat SA, together with its subsidiaries, provides satellite communications services worldwide. The company offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and Internet service providers; and commercial satellite communication services to the U.S.

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Institutional Ownership by Quarter for Intelsat (NYSE:I)

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